JPMorgan: Bitcoin outpaces gold in investor portfolios

In a recent analysis by JPMorgan, Bitcoin has surpassed gold in terms of investor portfolio allocation when adjusted for volatility. Nikolaos Panigirtzoglou, a managing director at JPMorgan, stated that Bitcoin’s (BTC) allocation is 3.7 times greater than that of gold, attributing this shift to the significant inflows into spot Bitcoin ETFs. Since the approval of these ETFs in...

Burglars make off with RM3.5mil in gold, cash and handbags from Sentul home

KUALA LUMPUR: Thieves broke into the home of a businesswoman In Padang Balang, Sentul here and carted away cash, gold bars and designer handbags worth about RM3.5mil. Wangsa Maju OCPD Supt Ashari Abu Samah said the incident occurred late Sunday (March 3) night when the woman and her family were not at home. "The robbers stole a...

Teen dies while panning for gold in Lipis

KUANTAN: A teenage boy died after being buried in a cave-in while panning for gold at Pos Pantos, Kuala Lipis on Wednesday (Feb 28). Lipis OCPD Supt Azli Mohd Noor said investigations found that the victim, Budiman Johan, 18, along with four other friends, had gone to an oil palm plantation in Pos Pantos to pan...

Three-tier system for revamped MM2H programme

PETALING JAYA: The Tourism, Arts and Culture Ministry has unveiled a revamped version of the Malaysia My Second Home (MM2H) programme which now has three tiers – Silver, Gold and Platinum. Minister Datuk Seri Tiong King Sing (pic) said each tier will have specific eligibility requirements. The type of entry visa available to applicants will also vary...

Bankrupt goldsmith allegedly dupes 15 gold suppliers of RM30mil of gold

KUALA LUMPUR: More than 15 victims suffered some RM30mil in losses after they were allegedly duped by a goldsmith. The victims, who were gold suppliers, were not paid by the suspect after they had supplied millions of ringgit worth of gold. One of the victims, gold supplier Allan Tang said he had been dealing with the suspect...